Is Citadel's Surprise July Rate Hike Call Viable? Jim Bianco Says 38% Market Odds Mean It's 'Not That Far'
Is Citadel's surprise Fed rate hike viable? Jim Bianco says 38% market odds mean it's close, but economist Bill Adams predicts a July pause.
Some people think the Federal Reserve might raise interest rates in July, which would make borrowing money more expensive for companies and regular people. When you watch stock prices, remember that higher interest rates can make stocks less attractive because bonds become safer—so look for what investors think the Fed will actually do.
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